Events agency gets cash lifeline from new owner

An ailing agency has received a £100,000 injection to
revitalise its fortunes.

The MotivAction Group entered into a Company Voluntary
Arrangement in February last year to clear mounting debt.

The group posted a 19% decrease in profit in July 2013. Last
year, David Buxton stepped down as managing director and the company returned
to its original premises in Stevenage following an abortive expansion plan.

The group’s business was snapped up by MTravel Solutions in
October who acquired the right to use the MotivAction name while the failed
group changed its name to DBKOFish Events.

Emma Massie, who worked for MotivAction from 1990 to 2009,
is driving changes at the newly acquired business and has invested more than
£100,000.

Director Tim Waygood (pictured) told CN that DBKOFish Events is
not trading, but creditors continue to be paid. He said the company will close
down once this process is complete.

He said: “The business assets were all purchased by MTravel,
which is the active trading company – trading as Motivaction. The companies
MotivAction Holdings Ltd and Motivaction Group plc changed their name as they
are no longer able to use it.

“I came back into MotivAction a year ago and will continue
to work part time for the company.

“Since 2009  I have
been running a not for profit community interest company
-www.churchfarmardeley.co.uk – this encompasses farming, food, a visitor
centre, a venue for events, tourism and it provides social care for adults with
special needs. So I have plenty to do.”

Do you have a story for CN? Email: John Keenan

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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